An Increase in Total Factor Productivity Causes

question 19

Multiple Choice

An increase in total factor productivity causes

• A) real wages to rise.
• B) labour supply to fall.
• C) the output supply curve to shift left.
• D) real interest rates to rise.
• E) the production function to shift up.

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Definitions:

Organizational Success

The achievement of the key objectives and goals set by an organization, often measured by financial performance, market share, and innovation.

Business

The practice of engaging in commerce, trading, manufacturing, or services as a means of livelihood or profit.

Corporate Competition

The rivalry between companies in the same industry for market share and customer loyalty.

Revitalization

The process of invigorating or renewing something to a state of improved health, activity, or prominence.